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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 29 ||| Word Count: 12,363 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2414 |
| Description : |
This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes identifying valid contracts and determining performance obligations. |
| Usage Rank : | 16667 |
| Release : | 2024 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Revenue Recognition: What It Means in Accounting and the 5 Steps
|
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 23-Nov-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2414 |
| Keywords : | Accounting, ASC, 606, Insights, Contract, Identification, Performance, Obligations, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
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| Course Contents : | Chapter 1 - Identifying the Contract with the Customer Learning Objectives Chapter Overview Introduction Multiple Contracts with Same Customer Enforceability & Payment Terms Contract Modifications Cancellations or Terminations Conclusion Review Questions Chapter 2 - Determining Performance Obligations Learning Objectives Chapter Overview Introduction Understanding Performance Obligations Promised Goods or Services Bundled Offerings Customizations Changes in Customer Requirements Long-Term Contracts Conclusion Review Questions Glossary of Key Terms |
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